S. 4994 · 117th Congress · Senate

No Digital Dollar Act

Active· Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced
Sep 28, 22
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

No Digital Dollar Act

This bill prohibits the use of a central bank digital currency as legal tender. Further, if a central bank digital currency is issued, (1) the Federal Reserve Board must continue issuing Federal Reserve notes, and (1) the Department of the Treasury must continue minting and issuing coins.